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The Awareness Of Financial Management Students Regarding Career Risk

1329 words - 5 pages

“Financial management is essentially a combination of accounting and economics.” (Gallagher and Andrew Jr., 1997) It is a course which requires analytical and communication skills.
One factor to consider in choosing a course is the field of interest of a student. Several of the students were enrolled on the courses that are not providing student’s enthusiasm and satisfaction. On the explanation of Figler and Bolles (1999), choosing opportunities and setting goals in life helps the students and professional for setting a plan in right way. This focuses on the choice of students in taking up financial management program.

In order to determine if how aware are students regarding career path and career risk. The researchers conducted a survey in De La Salle Lipa which offers the course of Bachelor of Science in Business Administration major in Financial Management. Financial management students on the said institution are the respondents of the researchers. Students were asked utmost 10 questions each.

The first question asked, “Is taking financial management program is really your choice?” Out of 40 respondents, the results were shown below, (Graph1). The respondents are varying from gender and year level of financial management students, based on gender, 62.5% of male students answered “YES” and 37.5% answered “NO”. On female’s side, 45.83% say “YES’ and 54.17% answered “NO”. These result may implied, several of male students chosen this program maybe because, male students have interest on accounting and finance, while female students who were taking this program further prefers taking Accountancy but because of the difficulty in Accounting subjects, many were going to take Financial Management which were closely related to Accountancy. These programs also are responsible for management of financial report of baking institution where Accountancy students were almost having the same career in banking institution.
The table above (Graph 2) shows the result on the second question, which are answered by male and female financial management students and the first year to third year financial management students. Awareness of students regarding career risk resulted to 93.75% of male and 91.67% of female students answered “YES” and 6.25% of male and 8.33% of females answered “NO”.
On first year to third year respondents, 77% of first year, 85.71% of second year and 100% of third year says “YES”. These simply may shows, sufficient experience and knowledge about the program makes the students highly aware of the career risk of the students. First year students, were having stepping stone on taking up the program, while third year students have enough knowledge on managing career to avoid risks.

Interest on the things people were doing are vital factor needs to consider.
This table measures how students agree or disagree on the statement given on the survey questionnaire. On the first statement 46.15% of first year students strongly agree,...

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